Volume VI
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Arrangement of Sections

1. Short title.

2. Authority to raise loan.

3. Method of raising loan.

4. Authority to raise additional sums for incidental expenses.

5. Application of moneys raised by way of loan under section 2.

6. Power to issue Treasury Bills.

7. Exemption from taxes and duties.

32 of 1945.

AN ORDINANCE to make provision for raising a further loan of two hundred million rupees for expenditure on emergency and post-war development purposes.

[Date of Commencement: 24th September , 1945]

1. Short title.

This Ordinance may be cited as the National Development Loan (1945) Ordinance.

2. Authority to raise loan.

The Governor is hereby authorized to raise by way of loan a sum not exceeding two hundred million rupees for—

(a) expenditure on emergency purposes, that is to say, purposes connected with or incidental to the emergency arising out of any war in which His Majesty may be engaged; and

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